Michael Hill International (ASX:MHJ) Interest Expense : A$-3.6 Mil (TTM As of Dec. 2023)

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What is Michael Hill International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Michael Hill International's interest expense for the six months ended in Dec. 2023 was A$ -7.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-3.6 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Michael Hill International's Operating Income for the six months ended in Dec. 2023 was A$ 24.5 Mil. Michael Hill International's Interest Expense for the six months ended in Dec. 2023 was A$ -7.1 Mil. Michael Hill International's Interest Coverage for the quarter that ended in Dec. 2023 was 3.46. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Michael Hill International Interest Expense Historical Data

The historical data trend for Michael Hill International's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Michael Hill International Interest Expense Chart

Michael Hill International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-2.45

-1.97

-0.94

-0.87

-1.13

Michael Hill International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-3.77	2.72	-4.72	3.45	-7.09

Michael Hill International Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-3.6 Mil.

Michael Hill International (ASX:MHJ) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Michael Hill International's Interest Expense for the six months ended in Dec. 2023 was A$-7.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$24.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$148.4 Mil.

Michael Hill International's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	24.541	/	-7.088
	=	3.46

The higher the ratio, the stronger the company's financial strength is.

Michael Hill International (ASX:MHJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Michael Hill International Ltd (ASX:MHJ) » Definitions » Interest Expense

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MHJ:New Zealand

Address

34 Southgate Avenue, Cannon Hill, QLD, AUS, 4170

Website

https://www.michaelhill.com

Michael Hill International Ltd is an Australia based specialist retail jewellery chain engaged in the sale of jewellery and related services. It operates stores in Australia, New Zealand and Canada. The group derives prime revenue from Australia. The product portfolio of the company includes Rings, Earrings, Pendants and Necklaces, Bracelets, Bangles and other products.

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